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Stock Ratings / Consumer Discretionary / DKNG
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DraftKings Inc. (DKNG) — RQD Stock Rating Cockpit

$21.81 +4.30% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $21.94

DraftKings Inc. (DKNG) carries a Roarable Rating of D- (Sell) with 41/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $10.38B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is DKNG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, DraftKings Inc. (NASDAQ: DKNG) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $21.81 (+4.30% 1D, market cap $10.38B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 4/20, and Executive Insider Alignment 13/20. Across 1009 tracked Consumer Discretionary issuers, DKNG ranks #709 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does DKNG compare to LLYVK and LLYVA in the Consumer Discretionary sector?
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Within the Consumer Discretionary sector (Services-Misc. Amusement & Recreation), DKNG carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of 41.3%, and ROIC of -1.1%. By comparison, LLYVK (Liberty Live Holdings Inc. Series C Liberty Live Group) holds a D- grade (40/100 RQD, P/E N/A, ROIC -5.4%, cap $9.60B) and LLYVA (Liberty Live Holdings Inc. Series A Liberty Live Group) posts a D- grade (38/100 RQD, P/E N/A, ROIC -5.6%, cap $9.26B). Among the 5-stock peer group, MSGK leads on earnings multiple (32.8x) while WMG leads on capital efficiency (14.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for DKNG?
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Per DKNG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001883685), DraftKings Inc. generated $6.05B in revenue (+27.0% YoY), $3.7M in net income, and $647.5M in free cash flow against $4.53B in total assets and $1.75B in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $21.94 (+0.58%)🧬 Cannibal Buyback (-1.52% YoY Shares)⚙️ Cash Engine: 7/20 (D-) • 10.7% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.2% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510041
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D-
Cash (7)Whales (7)SEC (10)Macro (4)CEO (13)
Each axis scored 0–20
12M PRICE TARGET CONE-7.7% Base Target
$39 Bull$20 Base$16 Bear
📬 FREE DKNG RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for DKNG)Realized 20D OHLCV Swing Band: ±8.6%
Deterministic 5-Pillar Attribution (41/100 Composite)
🔍 WHY DKNG SCORES 41/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+13/20 pts (32% of score)

SEC Form 4 / 13F Thermometer: 65% Net Buy • Cannibal Buyback (-1.52% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (24% of score)

Altman Z-Score 0.93 (DISTRESS RISK (<1.8)) • Piotroski F-Score 8/9

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (51.9) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
33
Grade E$18.90+8.6% Next Q
Q2 (-2Q)
36
Grade E$20.53-1.1% Next Q
Q3 (-1Q)
38
Grade E$20.30+7.4% Next Q
Current
41
Grade D-$21.81-7.2% Hist 90D α
Trajectory: E (33) → D- (41)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a DKNG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While DKNG currently carries a cautious 41/100 (D-) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($21.56) and Max Pain ($22.90) forces dealer call-delta covering toward $38.83.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-1.52% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $DKNG• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “DKNG Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 41%NO 59%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
51.930 Oversold · 70 Hot
ALTMAN-Z SHIELDDISTRESS RISK (<1.8)
0.93>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
8 / 99-Pt Accounting
52-WEEK LASER RANGE19% OF RANGE
L: $18$21.81H: $37
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: D-RQD 7 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 20 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D-RQD 14 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on DKNG

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (35)

-1.1% ROIC with 41.3% gross margin and 6.29% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (50)

Altman-Z 0.93 and Piotroski 8/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (40)

20/40 institutional & smart-money positioning score with 4/20 macro alignment.

Bull Case: Why Buyers Like DKNG
  • ✓Established market leader in Consumer Discretionary with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring DKNG)

  • ✓Walkthrough of DKNG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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DKNG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.47%▼ DESCENDING CHANNEL
2026-11-03O $20.72H $21.81L $20.72C $21.81VOL 8.89M
RES: $23.43SUP: $17.00SMA50: $21.56SMA200: $24.06
$34.09$29.82$25.56$21.29$17.03RES $23.43SUP $17.00$21.812026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DKNG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 DKNG Butterfly Map → + Track DKNG →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +27.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on DKNG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DKNG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for DKNG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (DKNG)

Consumer Discretionary Rank #709 of 1009 ⚔️ LLYVK vs DKNG Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (DKNG vs. LLYVK, LLYVA, MSGK, WMG)

Industry: Services-Misc. Amusement & Recreation (51 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, DraftKings Inc. (DKNG) ranks #709 by composite RQD confidence (41/100, grade D-) and #164 by equity capitalization ($10.38B). Within this direct 5-issuer industry benchmark cohort, MSGK leads on earnings valuation at 32.8x trailing P/E, while WMG leads on capital efficiency and profitability with 14.3% ROIC and 45.8% gross margin. MSGK currently holds the highest overall quantitative score in the immediate peer group at 67/100 (C+) compared with DKNG at 41/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
DKNG ACTIVE
DraftKings Inc.
D- 41/100 — 41.3% -1.1% +4.30% $10.38B Benchmark Subject
LLYVK
Liberty Live Holdings Inc. Series C Liberty Live Group
D- 40/100 — 19.2% -5.4% +0.35% $9.60B /llyvk-vs-dkng →
LLYVA
Liberty Live Holdings Inc. Series A Liberty Live Group
D- 38/100 — 19.2% -5.6% +0.58% $9.26B /llyva-vs-dkng →
MSGK
MSG Knickerbockers Corp.
C+ 67/100 32.8x — 9.9% -0.88% $7.55B /msgk-vs-dkng →
WMG
Warner Music Group Corp.
D+ 54/100 43.7x 45.8% 14.3% +1.14% $16.02B /wmg-vs-dkng →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001883685 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), DraftKings Inc. (DKNG) reported GAAP revenue of $6.05B (+27.0% vs. FY2024 revenue of $4.77B , and +65.2% cumulative change since FY2023) , GAAP net income of $3.7M, operating cash flow of $662.9M, and free cash flow of $647.5M (+58.9% YoY). On the balance sheet, DKNG closed FY2025 with $4.53B in total assets against $1.75B in total debt (Altman Z-Score: 0.93, Piotroski F-Score: 8/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $6.05B $3.7M $662.9M $647.5M $4.53B $1.75B
FY2024 (FY) 2024-12-31 $4.77B -$507.3M $417.8M $407.6M $4.28B $1.47B
FY2023 (FY) 2023-12-31 $3.67B -$802.1M -$1.8M -$166.7M $5.66B $1.32B

3. DKNG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is DKNG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, DraftKings Inc. (NASDAQ: DKNG) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $21.81 (+4.30% 1D, market cap $10.38B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 4/20, and Executive Insider Alignment 13/20. Across 1009 tracked Consumer Discretionary issuers, DKNG ranks #709 in composite RQD confidence.

How does DKNG compare to LLYVK and LLYVA in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Services-Misc. Amusement & Recreation), DKNG carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of 41.3%, and ROIC of -1.1%. By comparison, LLYVK (Liberty Live Holdings Inc. Series C Liberty Live Group) holds a D- grade (40/100 RQD, P/E N/A, ROIC -5.4%, cap $9.60B) and LLYVA (Liberty Live Holdings Inc. Series A Liberty Live Group) posts a D- grade (38/100 RQD, P/E N/A, ROIC -5.6%, cap $9.26B). Among the 5-stock peer group, MSGK leads on earnings multiple (32.8x) while WMG leads on capital efficiency (14.3% ROIC).

What are the biggest fundamental strengths and SEC risk factors for DKNG?

Per DKNG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001883685), DraftKings Inc. generated $6.05B in revenue (+27.0% YoY), $3.7M in net income, and $647.5M in free cash flow against $4.53B in total assets and $1.75B in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is DKNG trading relative to its 50-day, 200-day, and 52-week technical levels?

DKNG last traded at $21.81 (+4.30% on volume of 11,997,286 shares), positioning the stock +1.16% above its 50-day simple moving average ($21.56) and -9.35% below its 200-day simple moving average ($24.06). Across its 52-week range of $18.35 to $36.98, DKNG sits at the 18.6% percentile with a 14-day RSI of 51.9 (NEUTRAL RANGE) and an implied next-earnings move of ±8.6% ($19.93 to $23.69).

Direct Sub-Reports: DKNG RQD Cockpit DKNG 12M Forecast DKNG Earnings & Move DKNG Dividends & DRIP DKNG Insiders & 13F DKNG Whale Options DKNG Profit Sankey DKNG News & Why
ROARABLE RATING BRIEF • RQD 41/100 (D-) ✓ SEC XBRL & RQD VERIFIED

DKNG — DraftKings Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

DraftKings Inc. (DKNG) earns a live Roarable RQD composite score of 41/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $21.81 (+4.30% 1D, market capitalization $10.38B).

  • Fundamental Cash Engine (7/20): Anchored by return on invested capital (ROIC) of -1.1%, gross margin of 41.3%, operating margin of -0.3%, and free cash flow yield of 6.29%.
  • Whale 13F & Options Flow (7/20) + Insider Conviction (13/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (4/20) + Forensic Balance Sheet (10/20): Incorporates a 1.06x equity beta, Altman Z-Score of 0.93, Piotroski F-Score of 8/9, and Debt/Equity of 2.59x.

2. Business Model, Unit Margins & SEC Financial Trajectory

DraftKings Inc. (DKNG) is a NASDAQ-listed issuer classified in the Consumer Discretionary sector and the Services-Misc. Amusement & Recreation industry. The profile identifies the company's market capitalization as $10.3B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), DraftKings Inc. (DKNG) reported $6.05B in annual revenue (up from $4.77B in FY2024, +27.0% YoY) and $3.7M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($3.67B revenue, -$802.1M net income) through FY2025, DKNG scaled operating cash flow to $662.9M and free cash flow to $647.5M, backed by $4.53B in total assets against $1.75B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 41/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of 6.29% and institutional whale pillar of 7/20. With Fundamental Cash Engine at 7/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $18.35 – $36.98 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh current valuation against -0.3% operating margins and a 1.06x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies, sector correlations, and 2nd-order bottlenecks are therefore — Investors should note that the absence of mapped links means this dossier cannot quantify ripple effects through suppliers, customers, or peer companies.

  • Key Question #1: Can DKNG sustain or expand its -0.3% operating margin and -1.1% ROIC against Services-Misc. Amusement & Recreation peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $6.05B and free cash flow of $647.5M, how will capital allocation balance growth reinvestment against $1.75B in total debt?
  • Key Question #3: How sensitive is DKNG's equity valuation to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.06x)?

DKNG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for DraftKings Inc. (DKNG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to DKNG Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

DKNG Bull vs. Bear Conversation Board — What's Your Call at $21.81?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON DKNG 🐻 33% BEARISH CONVICTION
1. Pick Your Side on DKNG:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $26.35 (+26.0%)
📌 Pinned Debate

Free cash flow of $647.5M in FY 2025 and a Piotroski F-Score of 8/9 signal improving operating fundamentals.

Long DKNG at $20.91 targeting $26.35. Free cash flow of $647.5M in FY 2025 and a Piotroski F-Score of 8/9 signal improving operating fundamentals.. Institutional whale score is 7/20 and the risk/reward vs. the $18.35 52-week low is skewed heavily in favor of bulls.

CapAlloc_Nerd 🐂 BULL

@QuantViper Agree on the RQD 41/100 quality, though with 1.06 beta I'm scaling in with half-size at $20.91 and keeping dry powder in case we test $19.45.

RE RedlineAuditor RQD DEBATE OPENER • Accounting Quality Watch 🐻 BEARISH 🎯 Target: $15.68 (-25.0%)
Spot @ $20.91

An Altman Z-Score of 0.93 and Debt/Equity of 2.59 leave the balance sheet in a stretched position with ROIC at -1.1%.

Sitting on the sidelines or leaning short DKNG above $20.91. An Altman Z-Score of 0.93 and Debt/Equity of 2.59 leave the balance sheet in a stretched position with ROIC at -1.1%.. Until Fundamental Cash Engine (7/20) and FCF yield (6.29%) inflect higher, upside is capped near $36.98.

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